faster productivity growth. Although the use of instrumental variables goes a long way towards dealing with endogeneity …

In this paper we: (1) estimate the effects of international R&D spillovers on total factor productivity growth of the …

between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … the empirical importance of public capital accumulation to productivity growth. We find little support for claims of a … dramatic productivity boost from increased infrastructure outlays. In a specification designed to provide an upper bound for …

quadrupling of the investment to GDP ratio in these economies, one arrives at total factor productivity growth rates, both for the … productivity in these economies is not …

has led many economists to believe that productivity growth in these economies, particularly in their manufacturing … productivity) gains from an outward orientation. This view fails to take into account the equally unusual rapid growth of both … envelope calculations to show that, as regards productivity growth in the aggregate economy and in manufacturing in particular …

indicate a substantial role for human capital accumulation in raising productivity, in contrast to the neoclassical focus on …

persistence of productivity growth differentials between nations despite a common technology, constant returns to scale and … specification. The source of productivity (growth) differentials in our model is the existence of a non-traded capital good ('human … consider the influence on productivity growth differentials of private thrift, public debt, the taxation of capital and savings …

This paper examines the impact of financial market imperfections on long-term productivity growth. It focuses on … of real investment. The paper examines separately situations in which productivity growth is driven by learning …